|Bid||5.41 x 1400|
|Ask||5.43 x 1300|
|Day's Range||5.39 - 5.47|
|52 Week Range||4.94 - 10.62|
|Beta (3Y Monthly)||0.32|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.77|
MILAN (Reuters) - Italian phone group Telecom Italia (TIM) has asked watchdog AGCOM to postpone its review of a plan to spin off its fixed-line network because the scheme will be modified, a source close ...
TELUS (TU) makes more than $6 billion spectrum-related investments since 2008 and more than $54 billion in technology across the nation since 2000.
Brazilian wireless carrier TIM Participacoes has named Pietro Labriola as its new chief executive, the company said in an exchange filing on Wednesday. The Italian executive will also occupy a board seat ...
Bell, BCE's (BCE) wholly owned subsidiary, initiates the process to wind down its CDMA network in 2017, and has almost completed it barring a few areas.
Facing defeat in its attempt to change Telecom Italia's board, top shareholder Vivendi took a first step on Friday towards ending a bitter dispute with a U.S. fund that has hobbled Italy's biggest phone group over the past year. Vivendi and activist fund Elliott have been trading blows over how to revive Telecom Italia (TIM), a telecoms heavyweight saddled with more than 25 billion euros ($28 billion) of debt. Vivendi had been seeking to replace TIM Chairman Fulvio Conti and four other Elliott-appointed directors at a shareholder meeting on Friday, citing "substantial lack of independence".
Vivendi gave its support to Elliott-backed Chief Executive Officer Luigi Gubitosi at Telecom Italia’s annual shareholder meeting near Milan on Friday and withdrew a proposal to replace five directors aligned with the hedge fund after it became clear Vivendi would lose the vote. The French media company, which holds almost a quarter of Telecom Italia’s shares, has been fighting to regain the upper hand after Elliott muscled it aside last May with a demand for a more radical restructuring of the company including a spinoff of its fixed-line network.
Telecom Italia's board was elected last year for a three-year mandate and will remain as is, CEO Luigi Gubitosi said on Friday when asked whether top shareholder Vivendi's request for a more balanced make-up would be accommodated. Vivendi, which owns 24 percent of Telecom Italia's shares, earlier on Friday dropped its request for a board reshuffle but added it hoped for a board that was "more reflective of the company shareholder base". Vivendi declined to comment on Gubitosi's remarks.
ROZZANO, Italy (Reuters) - Telecom Italia shareholders on Friday approved top investor Vivendi's offer to withdraw a request to replace some board directors at the Italian phone group. Vivendi held out ...
Zacks Value Trader Highlights: Braskem, Bank of Montreal, Carrefour, Telecom Italia and Geely Auto
Italy is pushing to create a single ultrafast broadband operator by merging Telecom Italia's copper and fibre network with smaller rival Open Fibre to avoid duplicating investments and narrow the digital divide with Europe. Elliott wants TIM to spin off its network and merge it with Open Fibre. Vivendi is not opposed to a merger but insists on TIM keeping control of its biggest asset.
Italy is pushing to create a single ultrafast broadband operator by merging Telecom Italia's copper and fiber network with smaller rival Open Fiber to avoid duplicating investments and narrow the digital divide with Europe. Elliott wants TIM to spin off its network and merge it with Open Fiber. Vivendi is not opposed to a merger but insists on TIM keeping control of its biggest asset.
TELUS (TU) is expected to benefit from investments made to support the increasing penetration of smart devices, wireless data services and wireline fiber optic networks.
Up until then, Vivendi had held sway over the telecommunications company with a stake of almost 24%. Elliott-backed candidates took 10 of 15 seats on Telecom Italia’s board in May 2018, dealing a blow to Vivendi and leaving the Paris-based group with the five remaining seats. In February this year, Vivendi tried to turn the tables by raising the pressure on Telecom Italia with an attempt to shake up the group’s board of directors and wrest influence back from the U.S. activist.
Announcement: Moody's announces completion of a periodic review of ratings of Telecom Italia S.p.A. Madrid, March 19, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telecom Italia S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Come the annual general meeting on March 29, they will need to back either the slate of directors proposed by Vivendi SA, the biggest shareholder, or the incumbents supported by activist Elliott Management Corp. Elliott, run by Paul Singer, is in favor of the latter. This dovetails with the government’s desire to create a single national fiber network by merging the division with Open Fiber SpA, a joint venture between Cassa Depositi e Prestiti SpA and utility Enel SpA.
Telecom Italia's board on Thursday backed Chairman Fulvio Conti, who is embroiled in a row with the company's top investor, French media group Vivendi. Conti had been accused by Vivendi of violating corporate and governance rules by siding with rival investor and activist fund Elliott. A board meeting was held on Thursday to respond to a report by TIM's auditors, which found irregularities in the way information was shared with the company's board members in the run-up to the ousting of former Chief Executive Amos Genish.
ROME (Reuters) - A board meeting at Telecom Italia (TIM) on Thursday did not discuss the fate of Chairman Fulvio Conti, a source with knowledge of the matter said. Conti has been accused by TIM's top shareholder ...
French media conglomerate Vivendi responded on Monday to an appeal by Elliott to Telecom Italia (TIM) shareholders, saying the activist investor was not working for the benefit of all shareholders, but only for itself. Vivendi said in a statement that it saw itself as a long-term investor in TIM, and had no other intention other to put in place a neutral board. Earlier on Monday Elliott urged investors in Telecom Italia (TIM) to back its plans for the Italian group rather than those of Vivendi at a vote in March, in the latest salvo in the activist fund's row with the French media conglomerate.
, the U.K. bank, New York-based Sherborne Investors is campaigning for a board seat and an overhaul of the business. This doesn’t sit well with some long-term owners of the bank because Sherborne is pushing Barclays to dramatically restructure its global investment bank. It doesn’t help that Barclays stock is down roughly a fifth since Sherborne first got involved.